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Alphabet buoyed by current support - Analysis - 10-06-2019

Economies.com
2019-06-10 09:58AM UTC

Alphabet's stock rose 2.08% in the last session after the support of 1045.49 held its ground, representing the ratio 76.4% of Fibonacci retracement levels for an ascending wave in the short term, while venting off oversold saturation in the RSI, countered by negative pressure from the 50-day SMA. 

 

Therefore we expect more gains for the stock as long as the support of 1045.49 holds on, retesting the resistance of 1092.38, representing the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bullish  

Ford strives to shake off negative pressure - Analysis - 10-06-2019

Economies.com
2019-06-10 09:59AM UTC

Ford Motor Company's stock rose mildly while trying to settle above the 9.77 resistance, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the medium term, while shaking off pressure from the 50-day SMA, as the stock traded alongside the upward short-term trend line. 

 

Therefore we expect the stock to rise, provided it settles above 9.77, targeting the next resistance at 10.33, which represents the ratio 61.8%. 

 

Expected trend for today: Bullish 

Alibaba tries to recoup some losses - Analysis - 10-06-2019

Economies.com
2019-06-10 09:59AM UTC

Alibaba's stock rose after the support of 151.20 held on, amid positive signals from the RSI, scoring a good profit of 2.08%, amid negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, as long as the resistance of 165.25 holds on, targeting the support of 151.20. 

 

Expected trend for today: Bearish 

Midday update for DashCoin 10-06-2019

Economies.com
2019-06-10 09:19AM UTC

DashCoin price tests the correctional bearish channel’s resistance, noticing that stochastic begins to lose the positive momentum gradually, waiting to motivate the price to resume the expected bearish wave for today, which its next main target located at 136.73, while its continuation conditions holding below 151.90.

 

The expected trading range for today is between 136.73 support and 151.90 resistance

The expected trend for today: Bearish